FxPro - Analytics


720.75 6.25/10
88% of positive reviews

USDJPY Wave Analysis – 29 May, 2019

  • USDJPY trading inside support area
  • Further gains are likely

USDJPY is currently trading inside the support area lying between the support level 109.20 (low of the previous wave (2)) and the lower daily Bollinger Band.

This support area is further strengthened by the proximity of the 38.2% Fibonacci correction of the previous sharp upward impulse from January.

USDJPY is expected to rise further inside the active short-term impulse wave 3 and retest the next resistance level 110.00.


Source: FxPro

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree